The Figure Given Below Represents the Business Cycle of an Economy

question 60

Multiple Choice

The figure given below represents the business cycle of an economy. Figure 7.1 Refer to Figure 7.1.The overall upward trend in real GDP reflected by this figure implies that:

• A)the real GDP gap is widening over time.
• B)cyclical unemployment is growing at positive rates.
• C)consumer purchasing power is rising over time.
• D)on average, labor productivity is declining.
• E)expansionary phases outweigh contractionary phases in the economy over time.

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Definitions:

Phosgene

A highly toxic and reactive compound with the formula COCl2, used as a chemical intermediate in the production of pharmaceuticals and pesticides.

Polycarbonates

A group of thermoplastic polymers containing carbonate groups in their chemical structures, known for their durability and used in the manufacture of eyewear, DVDs, and bulletproof glass.

Diisocyanate

A chemical compound with two isocyanate groups (-NCO), used primarily in the production of polyurethane foams, elastomers, and coatings.

Polyurethanes

Versatile polymers used in a wide range of applications, formed by reacting a di- or polyisocyanate with a polyol.